Katie Teague

July 17, 2021 

Here are some reasons why unenrolling from the advance payment program may be a good idea: 

• You'd rather have one large payment next year instead of seven smaller payments spanning 2021 and 2022. This could be the case for families saving up for a big expense or those who've budgeted for that money to pay off outstanding debt. 
• You know your household circumstances or tax situation will change (or has already changed) this year and don't want to deal with having to update your information in the portal. This could be the case for divorced parents who alternate custody of a child. 
• You're concerned the IRS might send you an overpayment based on old tax information, and you don't want to worry about paying that money back. That could be the case if your household income goes up or if a dependent ages out of an age bracket before the end of 2021.